Optalitix maintain that the ease with which Excel models can now be converted and the number of Excel models in existence requires a new age of system design that positions Excel modelers at the core of the intelligence built into these systems. While systems are still needed for complex connections and for data inputs and outputs, the heart of these systems (the calculations and IP stored in these models) will be adopted by the Excel modelers and their Excel converters.This approach will significantly reduce the bottlenecks that currently exist in creating systems, and will lead to faster system development, lower costs and more imaginative system use cases as the 800m talented Excel users become system developers. The impact on companies will be similarly significant, with early adopters rapidly testing, publishing, and scaling new systems using the IP that their staff have currently got locked on their desktops.For insurers, the ability to quickly create products with spreadsheet-driven pricing models which can be scaled in the cloud will make them more agile and far more profitable.
Create a claims triage system using Excel logic
With claims, departments need to be able to filter out valid claims and pay them quickly amongst other tasks. See how Excel helps make a claims triage system.
Boost sales with an insight sales model
Generating sales will often cost time and money, particularly in the insurance sector. Learn how smart tools can help manage costs using Optalitix Models here.
Create a claims forecasting system
Calculating claims is vital for insurers as it can take months or even years for the claim payments after an insurance event to emerge. Learn more now.
Create a pricing application from a spreadsheet pricing model
When setting a price for a new product, the starting point is almost always Excel. Find out how to create a pricing application from a spreadsheet pricing model here.
Optalitix Models Use Cases
Insurance often involves using pricing models in spreadsheets. Use Optalitix Models to simplify processes by transforming these spreadsheets into a system.
Is the future of Lloyd’s algorithmic? - Part 2
Smart Follow underwriting and the algorithmic technology will bring a revolution of improved pricing and lower costs to insuring large and complex risks.
Is the future of Lloyd’s algorithmic? - Part 1
Take a look at a report that considers the impact of algorithmic underwriting on Lloyd’s and the London Market where complex risks are often underwritten..
Optalitix and Almagro Capital announce a new partnership that provides Almagro Capital with a rapid online quoting tool for its forthcoming expansion
Optalitix and Almagro Capital have agreed to partner to create improved pricing tools for Almagro and its brokers. Read more about their partnership in here.
The emergence of digital exchanges in the London Insurance Market
The Optalitix team were invited to contribute to a discussion where the digitisation on the underwriting process for the London Market. Read our insights here.
Iotatech and Optalitix announce the successful integration of their products providing significant added value to Iotatech’s clients
Iotatech and Optalitix are pleased to announce the successful integration of their platforms aimed at creating added value for clients of the Iotatech Platform.
Case Study: Catastrophe Reporting - Lloyd's of London
Learn how the London market could benefit from greater levels of digitisation and automation by converting data into cloud-based systems using low code software
Verto syndicate 2689 and Optalitix announce partnership - Press Release
Verto syndicate 2689 (Verto), a follow-only Lloyd’s syndicate, and Optalitix, an award-winning Insurtech company providing SaaS software to leading UK insurers.
FCA disrupts the insurance market
The FCA has changed the game for more established players in the insurance sector with its significant gear change in pricing for insurance business. Read more.
Optalitix Quote, the innovative new product for underwriters
Optalitix Quote is a new cloud product that enables underwriters using spreadsheets to improve their pricing processes. Learn more about it in this handy guide.
Insurance innovation – what will 2022 bring?
What might we expect for insurance in 2022? From digital insurance marketplaces to wellness products and profitability, read our predictions and more.